Frankfurth Charitable Foundation
- Assets
- $262.4k
- Revenue
- $8.4k
- Investments
- $215.4k
- Employees
- 0
- Location
- Melville, NY
- Founding
- 02/2001
- Data as of
- 01/2024
- EIN
- 65-1066569
Organization Overview
Frankfurth Charitable Foundation is located in Melville, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankfurth Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Frankfurth Charitable Foundation generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $35.0k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Frankfurth Charitable Foundation has awarded 193 individual grants totaling $262,496. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Frankfurth Co-Trustee | 0 | $0 | |
Jill Mcdermott Co-Trustee | 0 | $0 | |
Paul Frankfurth Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $8,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,265 |
| Contributions, gifts, grants paid | $31,762 |
| Total expenses and disbursements | $35,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,037 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $262,408 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frankfurth Charitable Foundation has awarded $31,762 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT HEALTH FOUNDATION PURPOSE: CHARITABLE | $3,000 |
AKPSI ELON AMER SUICIDE PREVENT PURPOSE: CHARITABLECHARITABLE | $500 |
ALZ PURPOSE: CHARITABLE | $1,000 |
AMER HEART PURPOSE: CHARITABLE | $258 |
EB FRIENDS OF JUPITER PURPOSE: CHARITABLE | $280 |
FLORIDA HOSPITAL TAMPA FDN PURPOSE: CHARITABLE | $2,878 |